Edison issues initiation on Auris Medical Holding (EARS)

LONDON, Nov. 01, 2018 (GLOBE NEWSWIRE) -- Auris Medical (EARS) is a clinical-stage biopharmaceutical company developing pharmacotherapies for neurologic disorders of the inner ear. The company’s primary focus is on the development of intranasal betahistine for the treatment of acute vertigo. Oral betahistine dihydrochloride has been prescribed in Europe for decades for all types of vertigo, with an average 26% market share. We initiate at $117.6m or $4.89 per basic share based on a risk-adjusted NPV analysis of these two programs.

We arrive at an initial valuation of $117.6m or $4.89 per basic share ($3.20 per diluted share) based on a risk-adjusted NPV analysis of Auris’s two Phase I clinical programs in the US and European markets. Accordingly, we forecast significant financing needs (CHF65m) to bring both programs from Phase I through to commercialization. Click here to view the full report.

All reports published by Edison are available to download free of charge from its websitewww.edisoninvestmentresearch.com

About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison’s reports are not solicitations to buy or sell any securities.

For more information, please contact Edison:

Maxim Jacobs, +1 646 653 7027Nathaniel Calloway, +1 646 653 7036Briana Warschun, +1 646 653 7031[email protected]

Learn more at www.edisongroup.com and connect with Edison on:  LinkedIn        https://www.linkedin.com/company/edison-investment-research Twitter           www.twitter.com/Edison_Inv_Res YouTube       www.youtube.com/edisonitv

Source: Edison Investment Research Limited

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Bluerock Homes Trust (BHM) Announces Third Quarter Dividends on Series A Preferred Stock and Series B Preferred Stock
• LaFleur Minerals Inc.’s (CSE: LFLR) (OTCQB: LFLRF) Buildup to Gold Processing Gifted by Quick-start Strategy, Funding and Off-take Agreement
• American Council of Learned Societies Announces 2026-27 Fellowship and Grant Competitions